10 Things to Know About SHIBDOGE as ShibaDoge Prices Remain Volatile

Advertisement

  • ShibaDoge (SHIBDOGE-USD) is a hot topic among traders with recent volatile prices.
  • We’ve rounded up a list of things investors will want to know about the crypto.
  • That includes its overall goal, as well as short-term plans.
A smiling Shiba Inu dog in front of a bright yellow background representing ShibaDoge Prices.

Source: Shutterstock

ShibaDoge (SHIBDOGE-USD) prices are on the move Wednesday as crypto traders continue to take interest in the Shiba Inu-themed token.

Let’s go over a few things below that traders will want to know about ShibaDoge before investing in it!

  • ShibaDoge is a token created with the goal of bringing together Shiba Inu (SHIB-USD) and Dogecoin (DOGE-USD) whales for the betterment of the community.
  • The crypto’s website states its goal is “To see the evolution of currency evolve from government controlled monopolies and give back the power to the people.”
  • It believes the best way to do this is to combine the communities of Shiba Inu and Dogecoin.
  • This has it focusing on a short-term goal of merging just 1% of that population.
  • Take note of the 5 million holders of SHIB and DOGE, and the $40 billion combined market capitalization of the two cryptos.
  • That would have ShibaDoge reaching 50,000 holders with a $400 million market cap if it reaches its short-term goal.
  • ShibaDoge has completed its launch plans and is currently in its first stage of development.
  • The cryptocurrency also has a roadmap that includes plans for two further stages of development.
  • Among that is increasing its holders, gaining followers on social media, being listed on additional exchanges, and other plans.
  • One of its most recent acts was working together with other cryptos to raise $50,000 for charity and plans to burn tokens tomorrow.

We’ve recently covered ShibaDoge with a look at the most recent predictions of prices for the crypto. You can check that out at this link!

SHIBDOGE prices started off strong today but are currently down 6.9% over the prior 24-hour period as of Wednesday afternoon.

Crypto traders looking for more recent news will want to stick around!

We’ve got all the hottest crypto news investors need to know about for Wednesday! A few examples include a list of cryptos to consider, dating on the blockchain, and more. You can read all of that at the following links!

More Crypto News for Wednesday

On Low-Capitalization and Low-Volume Cryptocurrencies: With only the rarest exceptions, InvestorPlace does not publish commentary about cryptocurrencies that have a market capitalization less than $100 million or trade with volume less than $100,000 each day. That’s because these “penny cryptos” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume crypto that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks.

Read More: How to Avoid Popular Cryptocurrency Scams

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.


Article printed from InvestorPlace Media, https://investorplace.com/2022/07/10-things-to-know-about-shibdoge-as-shibadoge-prices-remain-volatile/.

©2024 InvestorPlace Media, LLC